Sony has released the firmware update 5.03 for PlayStation 4 which is not available for download. If you want to continue using all the features of the PlayStation Network, you need to install it. You should not expect a new feature or major changes. Instead, according to the official description, the PS4 Update improves only the system performance.
Sony has released a brand new system software update for the PlayStation 4 today. This is the PS4 Update 5.03, which apparently brings no new features or major changes to the console of Sony. Rather, it seems to be a stability and performance update for the PlayStation 4.
This is indicated by the official changelog, which speaks of improved performance without further details being revealed. “This system software update improves system performance,” said Sony about the key features of PS4 firmware 5.03.
Because the new firmware is a mandatory system software update, you must install the new software to continue accessing all PlayStation Network features, including the PlayStation Store.
Updating the PlayStation 4 to Firmware 5.03 will approximately take 357MB of data. The last known functions and extensions came with the firmware 5.00 on the console. If you discover any changes after updating your console, then let us know in the comments below.